Sapiens International Corporation N.V., a provider of SaaS-based software for insurers, has entered into a definitive agreement to be acquired by private equity firm Advent in an all-cash deal valued at approximately $2.5 billion. Under the terms, Sapiens shareholders will receive $43.50 per share, reflecting a 64% premium over its undisturbed closing price on August 8, 2025. Existing shareholder Formula Systems will retain a minority stake, while Sapiens’ shares will be delisted upon closing, making the company privately held. The transaction, supported by committed equity and debt financing, is expected to be finalized in late 2025 or early 2026, pending regulatory and shareholder approvals. Citi is advising Advent, while William Blair & Company is advising Sapiens.
Roni Al-Dor, CEO of Sapiens, stated, “We are excited to enter the next chapter for Sapiens in partnership with Advent to continue supporting insurance carriers with their entire transformation journey, delivering the product innovation and service excellence they expect from us. Sapiens remains fully committed to being a global leader in SaaS, digital, and AI-driven insurance software solutions across Life, Pension & Annuities and P&C markets.” Douglas Hallstrom, Director at Advent, added, “Insurers are increasingly turning to technology to help unlock growth and profitability, drive innovation and improve business resilience – with Sapiens a critical partner in enabling this for market-leading insurers globally. We will work with the company to accelerate investment into technology innovation, AI, and customer centricity.”